OZL PnF Chart Analysis 05/06/2016.

Now that we have a completed WYCKOFF ACCUMULATION PATTERN, which had been in effect since 2013, where can this beast (OZL) may  travel ? To give us some clues, I am employing the best charting type ( My Claim) to aid us.

According to this 15 cents Box Size, H/L, Daily 3 Box PnF Chart, OZL may be headed to the tentative bullish price objective of $16.60 ! I have done the calculation 3 times to make sure that I have not made an error. Whether or not it gets there is another matter off course, but an impressive count which I can’t ignore.

Is the anticipated commodity bull run upon us ? My personal observation, based on my technical chart reading, it is.

Disclosure : OZL Held.

OZL PnF Chart below.

ozlpnf05062016

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